Daily News from New York, New York • 102

7 nins to FQafcat 1613 I Clli By PATRICK CLARK and MIKE SANTANGELO The USS Intrepid, foundering in a sea of red ink, is now sailing in bankruptcy proceedings in Manhattan Federal Court. THE PORT FROM AUTH. I 1 Ti BUS TERM Per person BRIDGE AND LV PORT AUTH. LV GW BRIDGE YOU RECEIVE FROM CASINO CASINO The Intrepid Museum Foundation filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code, blaming small crowds, small donations, and a lack of foundation grants.

But the 900-foot World War II aircraft carrier, moored in the Hudson River at 46th will remain open to tourists and regular special events, the foundation's lawyer, Herman A. Bursky, said. The not-for-profit corporation has asked the court to put off a $1.2 million payment on the $15 million in capital bonds due tomorrow and for time to "restructure" debts to other creditors. Bursky said that the Intrepid lost $4.3 million in the fiscal year that ended April 30. The museum listed debts of $28.4 million and assets of $16.5 million.

Headed for the scrap heap in 1976 after serving as the Navy's host ship during the United States' bicentennial ceremonies, the Intrepid was rescued by New York builder Zachary Fisher. An $850,000 grant from New York State and a $250,000 grant from the Astor Foundation last year were not enough to relieve the financial strain. BALLYS 3:00 pm 4 00 pm Sun-Thurs receive $12 com. S5 deferred voucher. Friday receive S10 com.

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